Ansoft in the Top 25 of Business 2.0's Annual Fastest-Growing Tech Company List
May 24, 2007
PITTSBURGH--(BUSINESS WIRE)--May 24, 2007--Ansoft Corporation (NASDAQ:ANST) for the second consecutive year has been named to Business 2.0 magazine's annual list of the 100 Fastest-Growing Technology Companies. Ansoft is ranked 22nd, improving upon last year's ranking of 29. The ranking is based on growth in revenue, profit and operating cash flow during the past three years, and the 12-month stock return as of Dec. 31, 2006. Additionally, Ansoft ranks 20th in total stock return and 2nd in the state of Pennsylvania. "Most of Business 2.0's 100 fastest-growing tech companies saw their shares surge, along with sales and earnings," according to Business 2.0. "The outfits on our latest annual list are posting impressive results." "It is a great honor to be recognized as one of the top 25 fastest-growing technology companies in the U.S. by Business 2.0," said Nicholas Csendes, president and CEO of Ansoft. "We continue to expand our market share in the high-performance segment of the electronic design software market. This recognition is a validation of our strategic vision, and we anticipate continued innovation and strong growth."